IMPACT OF E-NAIRA ON THE CENTRAL BANK OF NIGERIA'S MONETARY POLICY

IMPACT OF E-NAIRA ON THE CENTRAL BANK OF NIGERIA'S MONETARY POLICY

ABSTRACT

This study intends to examine the impact of e-Naira on CBN's Monetary Policy. This study was guided by the following objectives; to evaluate the impact of e-naira on price stability, to determine the influence of e-naira on economic growth and to find out if the electronic naira affects the average price of products in Nigeria. The study employed the descriptive and explanatory design; Secondary data sources were used and data was analyzed using the chi square statistical tool at 5% level of significance which was presented in frequency tables and percentage. The respondents under the study were 100 residents of Kaduna state, Nigeria. The study findings revealed that e-Naira will aid CBN in making better monetary policies.

CHAPTER ONE

INTRODUCTION

Background to the Study

A stable monetary policy in any nation can be combinations of policies to achieve a stable seen as an economy approaching full monetary economy has been on the front burner of the apex bank. In Nigeria, the Central Bank has the core mandate to maintain economic stability through monetary policies. Further, the federal ministry of finance is